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4 The following information was taken from the accounts of Green Market, a delicatessen, at December 31, Year 2. The accounts are listed in alphabetical order, and each has a normal balance aints Accounts payable Accounts receivable Advertising expense Cash Common stock Cost of goods sold Interest expense Merchandise inventory Prepaid rent Retained earnings, 1/1/Year 2 Sales revenue Salaries expense Rent expense Gain on sale of land 5 Bee 2,250 609 1,850 2,000 2.950 120 1,250 720 2,610 5,600 960 510 200 eBook Hint Print Required Prepare an income statement for the year using the single-step and multistep approach Werences Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the single-step approach. (Enter any losses with a minus sign) GREEN MARKET Single-Step Income Statement For the Year Ended December 31, Yoar 2 Sales revenue Expenses Cost of goods sold Advertising expense Interest expense Salaries expense Rent expense Total cost and expenses 0 Net Income (los) Required Prepare an income statement for the year using the single-step and multistep approach Complete this question by entering your answers in the tabs below. Single step Multistep Prepare an income statement for the year using the multistep approach. (Enter any losses with a minus sign.) GREEN MARKET Multistep Income Statement For the Year Ended December 31, Year 2 0 Operating expenses + Total operating expenses 0 0 Non-operating items Net income (los) (Single step Multes >

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